Security giant RSA said a sophisticated attack has possibly compromised the two-factor authentication system used by tens of millions of end users of the company’s clients, which includes large banks and other corporations and credit unions.

An alternative plan for regulatory reform to be unveiled by Senate Republicans would create a consumer protection council, which wouldn't be empowered to be the main examiner of credit unions on consumer issues.

Some large banks, defined as those with assets greater than $20 billion, have reported easing their commercial loan terms to businesses, the latest Federal Reserve Board senior bank officer survey revealed.